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November 2017 Archives

Family law is making headlines this week, as a Hawaii mom faces jail time for illegally taking her son to Japan, amid a bitter custody battle. Eileen Tojo took her infant son and three other children from another father from Oahu to Japan for four and a half years during a bitter custody dispute, even though the court ordered her to keep the boy in Hawaii. As a result, she is facing up to five (5) years in prison.

A canadian couple was able to agree on the majority of their divorce terms; however, they had to have a judge decide who would get their Edmonton Oilers season tickets. Beverly and Donald McLeod separated in 2015, with Donald agreeing to pay Beverly $15,000 per month in spousal support. However, the couple needed a court order to determine what to do with the hockey tickets that the couple had shared for the past 11 years.

If you have a family business, you will want to have a plan in the event of death or divorce of any of the partners. Not only will you need to plan - but you will need to plan early. Valuing businesses and determining which percentage will be awarded to the non-owner spouse in a divorce is very costly and time consuming.

Currently, spousal support is tax deductible for the payer, and taxable for the payee. However, a proposed change in the tax reform bill would eliminate the tax deduction for spousal support and make alimony income tax-free to the recipient for divorce judgments that are executed after December 31, 2017.

Divorce is in the news this week, as Miguel Cabrera is involved in a divorce proceeding with his soon-to-be ex-wife Rosangel Cabrera. Cabrera has been married for fifteen (15) years, and met his wife in high school. However, the couple is calling it quits.

According to a recent study, the profession with the lowest divorce rates was actuaries, with a rate of 17%. Other professions with low divorce rates were physical scientists, life scientists, clergy, and software developers.

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